WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today that people purchasing a Fannie Mae-owned HomePath® property will receive up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of appliances. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010.

“Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover. Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help,” said Terry Edwards, Executive Vice President of Credit Portfolio Management. “Homebuyers have the option to choose between financial assistance toward closing costs or new appliances for their home.”

Properties eligible for this incentive are listed on HomePath.com and most listings include detailed property descriptions, photographs, community and school information and more. In addition, many Fannie Mae-owned properties are eligible for special HomePath Mortgage and HomePath Renovation Mortgage financing which offers homebuyers an opportunity to purchase with as little as 3 percent down.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.

Kenton Becker

About The Author:

Kenton Becker is a local mortgage loan officer specializing in helping families buy or refinance homes in Puyallup and surrounding areas. He specializes in FHA, VA, USDA, Conventional financing and many other unique programs to help each client achieve home ownership success. Kenton Becker was born and raised in the Puyallup valley and currently lives and works here as well.

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This is a privately owned and maintained web site by Kenton Becker as a mortgage financing specialist. Land/Home Financial Services, Inc. is a mortgage finance company and does not represent parties to Real Estate transactions or operate as a Real Estate company. Land/Home is not responsible for the information provided by Pierce County Real Estate Guide. The accuracy of all information, regardless of source, is not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Use of the Pierce County Real Estate Guide is not to be construed as a commitment to lend. Applicable state disclosure regulations require licenses and information to be explicitly disclosed. Land/Home Financial Services, Inc. only conducts business in states we are approved to. Some products may not be available in all states. Restrictions apply. Mortgage Lending in Washington State is authorized under WA Dept of Financial Institutions Consumer Loan License # CL-89331. NMLS ID # 89331. Kenton Becker MLO # 123961. Land/Home Financial Services is an Equal Housing Opportunity Lender.